UPDATE: Kellogg Reports 14% Rise In Q2 Profit

Kellogg Co

reported a 14% rise in its second-quarter profit. Kellogg reported its quarterly profit at $343 million, or $0.94 per share, up from $302 million, or $0.79 per share, in the year-ago period. Its sales climbed 11% to $3.39 billion. However, analysts were expecting a profit of $0.91 per share on sales of $3.3 billion. Kellogg shares dropped 0.81% to $55.10 in pre-market trading.